Under IFRS liabilities are generally presented in
A) alphabetical order.
B) order of liquidity.
C) maturity date order.
D) order of magnitude.

Question

Quizplus · Accepted Answer

Under IFRS, liabilities are generally presented in order of liquidity. This means that they are listed in the order in which they will be settled, with those that will be settled within 12 months listed before those that will be settled after 12 months. This provides useful information about a company's short-term and long-term obligations. Under IFRS, liabilities are generally presented in order of liquidity, meaning they are listed in the order in which they are expected to be settled, with the most liquid (i.e. shortest-term) liabilities listed first. This allows users of financial statements to see how quickly the company would need to generate cash in order to meet its obligations.

Under IFRS Liabilities Are Generally Presented in